Category Archives: Economy

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

What people in other forums are saying about public policy

Posted in Economy, Politics | Tagged , , , | 1 Comment

DUNCAN GRAHAM.-Indonesian Free Trade – not there yet                        

For much of 2019’s last quarter Australian rural journals and politicians were forecasting a bonanza.But some reality is overdue

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MICHAEL KEATING. Dwelling construction is still falling despite record low interest rates.

Monetary policy has lifted the prices of the most expensive dwellings, but this impact is yet to flow through to the rest of the housing market. This experience reinforces doubts about the effectiveness of monetary policy when inflation and therefore … Continue reading

Posted in Economy, Housing | Leave a comment

MICHAEL WEST.-Who Pays: should ordinary taxpayers foot the bill for bushfires or the fossil fuel giants who pay no tax?

Five of Australia’s top coal companies – Peabody, Yancoal Sumitomo, Citic and Whitehaven – racked up $54 billion in total income over the past five years and paid zero income tax in Australia, according to Tax Office corporate tax data.  … Continue reading

Posted in Economy, Politics | 1 Comment

LAURIE PATTON. My New Year’s wish – more collaborative technology policy development

A report released by communications minister Paul Fletcher has confirmed that so-called ‘Internet piracy’ declined dramatically following the arrival of Netflix and other online streaming services – debunking the need for ‘site-blocking’ laws controversially introduced following a well-funded lobbying effort … Continue reading

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BOB DOUGLAS: Is our current economic model fit for the purpose of human survival?

If we humans are to survive the catastrophic threats that now confront us, we must urgently rethink the way we live and care for our planetary home. In turn, that demands that we examine the role that economic theory and … Continue reading

Posted in Economy | 6 Comments

MICHAEL JANDA.-Ken Henry’s tax review is gathering dust, but its ideas could kick-start Australia’s economy (ABC 23.12.2019)

Ten years ago to this day, Ken Henry handed then-treasurer Wayne Swan a wish list of tax reforms to set Australia up for the 21st century.

Posted in Economy, Politics | 2 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

Below is the last Saturday entry for 2019.  We’ll be back on Saturday 11 January.

Posted in Economy, Politics | 2 Comments

IAN McAULEY. Reclaiming the ideas of economics: Leadership

In dealing with economic problems requiring adaptive change we shouldn’t look to so-called “leaders”. We need leadership.  There is a profound difference.

Posted in Economy | 8 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | 2 Comments

IAN McAULEY. Reclaiming the ideas of economics: Capitalism

Economics and public policy are influenced by a nineteenth century model of capital, and therefore of capitalism, that is no longer fit for purpose.

Posted in Economy | 5 Comments

ABUL RIZVI: Re-emergence of Dodgy VET Colleges

Since January 2018, the Australian Skills Quality Agency (ASQA) has cancelled the registration of around 450 private VET colleges. This is after years of such cancellations being relatively rare. A spokesperson for ASQA has said this reflects an improved “ability … Continue reading

Posted in Economy, Education, Refugees, Immigration | 3 Comments

MICHAEL KEATING. Economic stagnation continues

Last Wednesday’s release of the national accounts for the September quarter confirmed what we already knew – economic stagnation continues. Most importantly, it is hard to see why the economy will ever improve under present policies. Instead we need a … Continue reading

Posted in Economy | 3 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | Comments Off on SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

IAN McAULEY. Reclaiming the ideas of economics: Privatisation and prices

The last thirty years have seen a massive sale of government business enterprises, which, on privatisation, have set prices in line with corporate profit-maximisation. Contrary to conventional wisdom, the consequent allocation of resources is probably less efficient than would have … Continue reading

Posted in Economy | 4 Comments

MICHAEL KEATING. Retirement Incomes Review: Part 2

The Government’s independent Review of the retirement incomes system has identified four criteria against which that system should be judged: adequacy, equity, sustainability and cohesion. Yesterday I reviewed the performance of the Australian retirement income system against the criteria of … Continue reading

Posted in Economy, Politics | 1 Comment

IAN McAULEY. Reclaiming the ideas of economics: Socialism

It’s unfortunate that the term “socialism” has become a weapon in the armoury of those who stop government from performing its economically-justified functions.

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NATHAN GARDELS. Data as Labor (WorldPost)

Sometimes an analogy to something old yields an insight into something new. That is the case with the idea of “data as labor,” promoted by Glen Weyl and Matt Prewitt of RadicalxChange.

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ALAN AUSTIN. Which party runs the economy better and how do we know? Part two.

There are two ways to demonstrate that Australia’s Labor governments have managed the national economy better than the Coalition has. First, by comparing outcomes over time in Australia. Second, by comparing how Australia has ranked in the world under different … Continue reading

Posted in Economy, Politics | 3 Comments

ALAN AUSTIN. Which party runs the economy better and how do we know? Part one.

The claim that the Coalition manages the economy better than Labor has never been valid. Yet the myth endures. Bizarrely, it seems to become more firmly believed as the evidence disproving it accumulates. So what is the reality? And how … Continue reading

Posted in Economy, Politics | 9 Comments

IAN McAULEY. Reclaiming the ideas of economics: Competition 

Competition generally brings tremendous benefits to consumers, but when it becomes an end in itself those benefits can be outweighed by the costs of competition.

Posted in Economy | 5 Comments

GEOFF DAVIES. The Independent path to effective democracy, and survival.

A way to break us out of the ossified and toxic parliamentary culture and the fearful stupor of the electorate. A way to restore fluid and functional governance.  

Posted in Economy, Environment and climate, Politics | 4 Comments

ANTHONY FORSYTH. No, a ‘complex’ system is not to blame for corporate wage theft (The Conversation 11-11-19)

Is Australia’s award system so complex major corporations capable of handling millions of customers and billions of dollars can’t manage to pay employees properly?

Posted in Economy | 3 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | Tagged , , , | 1 Comment

ROSS GITTINS. Confessions of a pet shop galah: a lot of reform backfired (SMH 11.11.2019)

As someone who, back in the day, did his share of being one of Paul Keating’s pet shop galahs – screeching “more micro reform!” every time they saw a pollie – I don’t cease to be embarrassed by the many … Continue reading

Posted in Economy, Politics | 9 Comments

JOHN KERIN: The Latest Commonwealth Government Drought Package.

The latest ad hoc response to the current drought cannot be criticised in terms of the politics of the situation we are now in. If it rains in, say, by March, or in the first six months of 2020, then … Continue reading

Posted in Economy, Environment and climate | 1 Comment

LIN CRASE. Australia’s drought relief package hits the political spot but misses the bigger point (The Conversation 7-11-19)

There are two basic components to the Morrison government’s latest A$1 billion package response to the drought affecting large parts eastern Australia. One part involves extra subsidies to farmers and farm-related business. The other involves measures to create or upgrade … Continue reading

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | 6 Comments

IAN McAULEY. Reclaiming the ideas of economics: Debt and deficits

An obsession with “balanced budgets”, promoted by successive Coalition governments, is having serious economic consequences.

Posted in Economy | 6 Comments

GEOFF DAVIES. A central dysfunction: house price inflation, stagnant economy

The problem with the housing bubble is not a shortage of housing, the problem is an excess of money. The solution is to restrict the amounts banks can loan. The solution is a credit squeeze. But it would have to … Continue reading

Posted in Economy | 5 Comments